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<br />years. Mr. Wilson explained that what he was calling high was the ratio of assess-
<br />ments from a bond buyer's.standpoint. Councilman Armstrong offered resolution of
<br />preliminary determination, Broadway Extension and adjacent territory and moved its
<br />adoption with the understanding that it is not to be published until arrangements
<br />satisfactory to Mr. Wilson and the City Manager are worked out for the guarantee
<br />of the purchase of the bonds and the payment of the preliminary expenses, seconded
<br />by Councilman Britschgi. On roll call, resolution was unanimously adopted.
<br />RESOLUTION OF PRELIMINARY DETERMINATION No. 457 WW
<br />BROADWAY EXTENSION AND ADJACENT TERRITORY
<br />RESOLVED, by the Council of the City of Redwood City, California, that it does
<br />hereby preliminarily determine that the public convenience and necessity require,
<br />and that it intends to order the following work to be done and improvements to be
<br />made in and for said City, to -wit: 14,
<br />1. The construction of the improvements on the streets all as particularly
<br />described in Exhibit A hereto attached and by reference made a part hereof.
<br />2. All of said work and improvements are to be constructed at the places and
<br />in the particular locations, of the forms, sizes and dimensions and materials, and
<br />to the lines and grades, and the elevations, as to be shown and delineated upon
<br />the plans, profiles and specifications to be made therefor and adopted by the
<br />City Council of said City. .
<br />3c Said contemplated work and improvement, in the opinion of said City Council,
<br />is of more than local or ordinary public benefit, and said Council does hereby make
<br />the cost and expenses of doing such work and improvement chargeable upon a district
<br />which district said City Council declares to be the district benefited by said work
<br />and improvement and to be assessed to pay the cost and expenses thereof, and which
<br />said assessment district, and the exterior boundaries thereof are more particularly
<br />described in Exhibit B hereto attached and by reference made a par hereof.
<br />4. Notice is hereby given that serial bonds to represent the unpaid assess-
<br />ments and bear interest at the rate of not to exceed five per cent (5%) per annum,
<br />will be issued pursuant to Article I of Ordinance No. 333 of said.City entitled
<br />"Redwood City Improvement Procedure Ordinance", adopted March 14, 1932, as amended,
<br />the last installment of which bonds shall mature nine (9) years from the second
<br />day of January next succeeding October fifteenth following their date.
<br />5. Except as herein otherwise provided for the issuance of bonds, all of the '
<br />above proposed work shall be done in pursuance of the provisions of Article IIA of
<br />said Redwood City Improvement Procedure Ordinance,
<br />6. Notice is hereby given that Monday, the 21st day of April, 1947, at the
<br />hour of eight o'clock P. M., at the Council Chambers of the City Council of said
<br />City in the City Hall of said City are hereby fixed as the time and place when
<br />and where any and all persons interested may appear and show cause, if any they
<br />have, why the City Council should not find and determine that the public convenience
<br />and necessity require the improvements described and referred to in this resolution,
<br />without further compliance with the Special Assessment Investigation, Limitation and
<br />Majority Protest Act of 1931.
<br />7. The City Clerk shall give notice of the adoption of this resolution by
<br />publishing a Notice of Proposed Local Improvement once in the Redwood City Tribune
<br />a daily newspaper published and circulated in•said city, and by posting same on or
<br />near the Council Chamber door of said Council, said posting and publication to be
<br />had at least ten days before said date of hearing.
<br />I hereby certify the foregoing to be a true copy of resolution adopted by the
<br />City Council of the City of Redwood City, California, at a regular meeting thereof
<br />held on the 7th day of April, 1947, by. the following vote of the members thereof;
<br />AYES, and in favor thereof, Councilmen: ARMSTRONG, BRITSCHGI, GRANGER,
<br />McNULTY, SWIFT, WERDER and Mayor HILTON.
<br />NOES, Councilmen: NONE I,
<br />ABSENT, Councilmen: NONE
<br />RALPH S. DODGE
<br />Clerk of the City of Redwood City
<br />APPROVED:
<br />i
<br />W. W. HILTON
<br />Mayor of the City of Redwood City
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